Seth M.
Need Help with Financing Options for Auction Purchase
11 May 2021 | 3 replies
Not sure what they have now Auction Financing Program 65% LTC / Winning Bid65% Loan To Cost10.5% Interest Per Annum3 Points12 Months termsLoan Extensions AvailableNo Pre-Payment PenaltyBusiness Purpose Loans OnlyValue AssessmentRehab Money If NeededProperty EvaluationEducational Courses
Michelle Verdugo
BRRR - that third R.
12 May 2021 | 5 replies
Basically the lender will add up all your income and all of your debts, including the PITI on the new refinance loan and ensure that your debt-to-income ratio meets those FNMA guidelines for whichever program you are attempting to qualify.
Devon Rogers
Seeking Help For Rental Assitance
12 May 2021 | 2 replies
My understanding is that the current rental assistance programs require you to not evict the tenant - if you've already crossed that bridge then you'll likely be left holding the bag.Selling, on the other hand, is a great option in a lot of cases.
Antonio Feagin
Open For Ideas and New Perspectives.
14 May 2021 | 8 replies
Hello Antonio,The best thing for you to do, as a military veteran, is to try and take advantage of the VA loan program.
Ken Primrose
Balancing property management contract/payment?
12 May 2021 | 4 replies
Owner asset preservation programs such as an eviction protection program or resident liability insurance program.These are just a few points to consider.
Sawyer Smith
At what point is it commercial?
13 May 2021 | 8 replies
Sounds like I need to start hounding local government.
Nick Camizzi
What should I do with investment
13 May 2021 | 3 replies
There is no wrong way to go about it, you can use OPM or "other people's money" or utilize a government downpayment resource or look into FHA loans to see if you qualify.For a first step get in contact with a mortgage broker to see where you and your financials stand as far as obtaining leverage on your money.
Sara Walters
debt-to-income calculation when only one spouse is investing?
19 May 2021 | 16 replies
There will be variations of the terms above based on program and lender however these are the terms set by the Non-QM DSCR 1-4 unit that my company uses.Both of the above options will loan to a LLC with a personal guaranty.Best of Luck!
Eric Salgado
Help!!!! First property disaster
14 May 2021 | 6 replies
I wish I could do more to help, but I am quite far from you.At any rate, I would pursue the "cash for keys" program. Ive
Sean Byrd
Buy A QuadPlex with NO seller's disclosure
13 May 2021 | 26 replies
VA Lending, seller concession and real estate agent rebate program.